Help For Hurricane Victims
News EssentialsWhat's Hot
IRS - The Basics
Facts & Figures
Around The Nation
The Newsroom TopicsMultimedia Center
Noticias en Español
Tax Scams/Consumer Alerts
The Tax Gap
IRS Tax Tips
IRS ResourcesCompliance & Enforcement News
Contact Your Local IRS Office
Filing Your Taxes
Forms & Pubs
Frequently Asked Questions
Taxpayer Advocate Service
Where to File
IRS Social Media
|Issue Number: HCTT-2015-62Inside This Issue
The Time is Here: Reporting Requirements for Applicable Large EmployersUnder the health care law, applicable large employers – those with 50 or more full-time employees, including full-time equivalent employees, in the preceding year –are required to report some information regarding health coverage by filing information returns with the IRS and furnishing statements to full-time employees.
If you’re an ALE, you report information about health coverage you offered to each full-time employee, or to show that you didn’t offer coverage to the full-time employee. This information will help the IRS determine whether an employer shared responsibility payment applies to your organization and is also used in determining the eligibility of employees for the premium tax credit.
Here are some key points about the information reporting requirements under the health care law:
If you file 250 or more information returns during the calendar year, you must file Form 1095-C and Form 1094-C with the IRS electronically.
You will meet your requirement to furnish a statement to your full-time employees if you provide each full-time employee with a copy of the Form 1095-C that you file with the IRS. Statements must be furnished to employees on paper by mail or hand delivered, unless the recipient affirmatively consents to receive the statement in an electronic format.
For information on using substitute forms and alternative furnishing methods that apply in limited circumstances, see our Questions and Answers about Information Reporting by Employers on Form 1094-C and Form 1095-C and employer reporting requirements. Also, see Publication 5196, Affordable Care Act: Reporting Requirements for Applicable Large Employers.
Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.
This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.